5000 Allison Ln, Fort Smith, Arkansas, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$2,400,000

5000 Allison Ln
Fort Smith, Arkansas, United States

66bd

Listed By: Realtyww Info

Listed On: 09/11/2024

Listing ID: GL11229870 View More Details

Description

We are excited to have the opportunity to bring the Allison Lane Duplexes to the market. This 22 unit asset has a high ceiling and value that has yet to be realized. Located at 5000-5032 Allison Lane Fort Smith, AR 72901 is a well located duplex community near a plethora of retail and jobs. The unit mix consist of 22 3 bed/2 bath units with 1023 SF, laundry hookups, central HVAC and vinyl plank/tile flooring throughout. This B-Class asset is being purchased below replacement cost and is stabilized at 100% occupancy. There is significant upside to be realized through lease renewals. Based on our market research, we are seeing similar units rent for a $418 premium. A Buyer has a clear path to raise rent conservatively and add value to the community with light upgrades to the units and exterior. The growth of Fort Smith and Chaffee Crossing will afford an opportunity to capitalize.

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Listed by: Joshua Harmon